AML compliance solutions provider FinScan has announced the integration of its AML software services with LSEG World-Check On Demand.
This partnership marks a significant step as FinScan becomes one of the first LSEG partners to offer support for this solution, enhancing their capabilities in risk management and customer screening processes.
By leveraging this integration, FinScan and World-Check On Demand customers can now benefit from timely and secure intelligence to better manage risks and expedite the screening of customers. The solution continues to provide precise, up-to-date real-time risk intelligence, ensuring that organizations and institutions maintain access to accurate data on sanctions, PEPs, adverse media, and enforcement actions.
Benefits of FinScan’s Integration with LSEG World-Check On Demand
Given the evolving nature of financial crime, driven by advanced technological tools that complicate detection, it is crucial to adopt comprehensive solutions. The UN Office on Drugs and Crime reports that financial crime can cost the global economy up to USD 2 trillion annually.
To meet these challenges, LSEG World-Check On Demand aims to deliver optimized benefits, enabling clients and partners to act more swiftly and effectively against fraud. This partnership is expected to support a robust risk management strategy that prioritizes compliance with industry regulations while addressing the unique needs of customers.
